Leeds resumes 85% LTV lending and reduces fixed rates

Jessica Bird

May 26, 2020

Leeds Building Society has resumed lending at 85% loan-to-value ratio (LTV), as well as reducing the rates of 2-year fixed deals.

This is part of a refresh of its mortgage range, and includes 1.56% available up to 65% LTV, 1.65% up to 75% LTV, 1.79% up to 80% LTV, and 2.10% available up to 85% LTV.

These products include no product fees, and all come with a free standard valuation and are available for home purchase or remortgage.

Applicants choosing any of these products for remortgage also receive fees assisted legal services.

Matt Bartle, director of products at Leeds Building Society, said: “Our purpose as a building society is to help people save and have the home they want, so we remain focused on meeting the needs of different kinds of borrowers, at different LTVs.

“The majority of our borrowers choose fixed term mortgages and the certainty of payment these offer may be particularly welcome when so much else is currently uncertain.

“Despite the industry disruption the lockdown has caused, we’re continuing to work with our valuers and intermediary partners to progress and complete mortgage applications.

“We’ve also been busy helping members who requested mortgage payment holidays and other support after their financial circumstances were affected by the pandemic.

“Many aspects of everyday life are limited or take longer at present but we’re doing our best to maintain our high levels of service for borrowers and brokers throughout these unprecedented times.”

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